US and China agree to hold new trade negotiations until late August

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — Officials from the Trump administration and the PRC leadership, after conducting telephone conversations, agreed to hold a new conversation in a similar format over the next few weeks.

The Chinese Ministry of Commerce reported that State Council Vice Premier Liu He held talks with US Trade Representative Robert Lighthizer and US Treasury Secretary Stephen Mnuchin. Both parties, as noted, “agreed to hold telephone calls again over the next two weeks.”

A number of US media, in particular the MarketWatch portal , also reported on telephone calls between the US and China on August 13 and an agreement to continue the telephone discussion in the coming weeks.

In addition, on Tuesday, US authorities also made some concessions in applying new trade restrictions against China from September 1, announcing the exclusion of certain goods from the list of impending import duties “for national security reasons” and the transfer of application of duties for other goods from September 1 to December 15.

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